Hi SS-
Good to hear you are back in the game after your margin
call nearly wiped you out.
Some here are talking about being happy to use the funds
to fund Carrapateena.
That is probably 6 to 7 years away taking into account
the depth of the ore body and the usual delays that
seem to be the norm with mining projects.
That is a long time to wait for something to happen to the
shareprice. As we seem to be out of favour with the
analysts because of our inaction i can only dread what
will happen to our reputation and shareprice if OZL turn
around and say we are going to wait another 6 to 7 years
before we utilise the M&A funds, not on M&A but on funding
the development of Carrapateena.
As far as PEM goes i used to be a shareholder in 2009 but
sold out after the Chinese bought a stake in the MT Isa
operations.
Good luck with your new holdings.
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